Lindsay Corp (LNN $69.20 +3.58) reported third quarter earnings of
$1.20 per share, $0.24 better than the Capital IQ Consensus Estimate of $0.96;
revenues rose 53.2% year/year to $153.4 million versus the
$133.6 mln
consensus.
Gross margin was 27.0 percent compared to 25.2 percent in the prior year's third
quarter. During the fiscal third quarter overall gross margins improved on
higher international irrigation margins and on improved margins in diversified
manufacturing which includes railroad signals and structures, commercial tubing
and contract manufacturing.
"Conditions in the global agriculture markets continued to be strong throughout
the primary irrigation selling season. Agricultural commodity prices remain
significantly higher compared to the previous year, creating favorable economic
conditions for growers, worldwide."






